OTL fund awards grants to 31 research teams

STANFORD -- With funds gained from the royalties on Stanford licenses and
patents, seed grants totaling $599,296 have been awarded to 31 Stanford
research teams, Dean of Research Charles Kruger has announced.

Projects winning awards from the Office of Technology Licensing's Research
Incentive Fund were chosen, from a field of 85 proposals, by a committee of
faculty nominated by the deans of the schools. Most of the grants went to
promising projects in the startup phase, allowing researchers to test ideas
that later may qualify for major grants from government or industry.

The OTL Research Incentive Fund is replenished yearly with earnings from
licenses and patents on inventions by Stanford faculty members. Stanford's
Office of Technology Licensing draws 15 percent of university royalties each
year to cover operating expenses. The earnings fluctuate from year to year as
new licenses are added and old ones expire, so each year part of the excess
after operating expenses is deposited to a contingency fund for lean years.

The remainder is given to the Office of the Dean of Research to be
distributed as Research Incentive Funds.

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